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Is This Correct Grade?

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Peacesilver's Avatar
United States
98 Posts
 Posted 10/27/2014  8:35 pm Show Profile   Bookmark this topic Add Peacesilver to your friends list Get a Link to this Message Number of Subscribers

I'm wondering whether current condition warrants this high grade ?

http://www.greatcollections.com/Coi...GS-MS-64-CAC

It probably was at MS-64 at some point, but it does not look like MS64 currently for me. what happened to the coin since it's been graded? What would be grade now with current condition ?
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Necer149's Avatar
United States
457 Posts
 Posted 10/27/2014  8:47 pm  Show Profile   Bookmark this reply Add Necer149 to your friends list Get a Link to this Reply
There is no way that is MS64, must be one of those fake slabs.
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jhp2104's Avatar
United States
291 Posts
 Posted 10/27/2014  8:57 pm  Show Profile   Bookmark this reply Add jhp2104 to your friends list Get a Link to this Reply
I don't know. The cert number matches up to the PCGS cert verification. Great Collections is a solid auction house with good quality control. I'm curious to hear what more experienced people think.
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coinlover168's Avatar
United States
506 Posts
 Posted 10/27/2014  11:00 pm  Show Profile   Bookmark this reply Add coinlover168 to your friends list Get a Link to this Reply
That's an MS-64?!? I should send in a ton of Peace dollars now!

At first I though maybe it was mislabeled or switched with another coin before encapsulating but CAC has approved of this so I have NO idea how this could have happened.

I have emailed PCGS about the coin and am waiting for a response.
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BluegrassRiver's Avatar
United States
324 Posts
 Posted 10/27/2014  11:52 pm  Show Profile   Bookmark this reply Add BluegrassRiver to your friends list Get a Link to this Reply
And why not email CAC and get a response? Can't let them off the hook.
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Peacesilver's Avatar
United States
98 Posts
 Posted 10/27/2014  11:56 pm  Show Profile   Bookmark this reply Add Peacesilver to your friends list Get a Link to this Reply
jhp2104 - I do agree Great Collections is a good auction house. So far all the graded coins I bought from them are pretty good.
However, I've seen very bad quality Peace silver dollar with MS64/65 PCGS/NGC occasionally.

coinlover168 - let us know what PCGS responses are.

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westernsky's Avatar
United States
7613 Posts
 Posted 10/28/2014  12:20 am  Show Profile   Bookmark this reply Add westernsky to your friends list Get a Link to this Reply
Maybe the coin "turned ugly" after it was slabbed? Maybe improperly cleaned?

I agree though, ain't no way that should be in a 64 slab with a green bean to boot!

Something is obviously wrong with it.
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BH1964's Avatar
United States
10982 Posts
 Posted 10/28/2014  12:35 am  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply
It could easily be a MS64 from the images. What about it leads you to believe it is not MS64? The pictures aren't the greatest nor is the strike but nothing about the coin screams, "I can't be a MS64"!

You could e-mail GC about the coin and ask. The likely response will be it looks better in-hand, much better.
ANA #R3154474
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edweather's Avatar
United States
7375 Posts
 Posted 10/28/2014  12:51 am  Show Profile   Bookmark this reply Add edweather to your friends list Get a Link to this Reply
The only thing the coin screams to me is, "Don't buy me." Something is definitely wrong here. Can't wait to see how this plays out.

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jimbucks's Avatar
United States
4691 Posts
 Posted 10/28/2014  01:16 am  Show Profile   Bookmark this reply Add jimbucks to your friends list Get a Link to this Reply
Perhaps just an imaging issue. If you are interested in it, you may want to contact GC to see if they can re-image. Since it has a CAC sticker on it, I suspect it looks much better in hand.
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Conder101's Avatar
United States
17884 Posts
 Posted 10/28/2014  10:07 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
Is it a 64? Probably......It is also ugly, but that doesn't affect grade.
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beaglebailey's Avatar
United States
716 Posts
 Posted 10/28/2014  10:22 am  Show Profile   Bookmark this reply Add beaglebailey to your friends list Get a Link to this Reply

Quote:
......It is also ugly, but that doesn't affect grade
.

But that begs the question-Why does it rate a CAC sticker?
New Member
ccoins15's Avatar
United States
33 Posts
 Posted 10/29/2014  09:56 am  Show Profile   Bookmark this reply Add ccoins15 to your friends list Get a Link to this Reply
I agree with westernsky- The coin might have turned ugly after encapsulated. It is hard to tell from the pictures but in no way does is scream "not 64" but it no way in this state should it have a green mean sticker.
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 10/29/2014  12:36 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
Near as I can tell, this one was downgraded to 64 because of the appearance. Go find some marks on the coin. The color won't hide them if you're looking close. Its' technical merit transcends 64.
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Gyrene7483's Avatar
United States
1704 Posts
 Posted 10/30/2014  6:14 pm  Show Profile   Bookmark this reply Add Gyrene7483 to your friends list Get a Link to this Reply
Yes, this grade is entirely possible. This coin also warrants the green bean it has. What CAC looks for is, is the coin high end for the grade assigned? Does it have original surfaces? Their opinion is yes to both questions. If I collected Peace dollars this is one I would be proud to own.

What you people are failing to take into account is that the 1921 Peace dollar was struck in high relief. A high grade uncirculated 1921 Peace can look awful on the obverse fresh out of the coining press because you have the highest areas on both sides directly opposite each other. The mint could not use enough pressure to get complete metal flow into the high points on both sides simultaneously without destroying the dies rather quickly.

The obverse die when striking the planchet pushes it down into the reverse die which will cause the planchet to fill the reverse, to a certain point, and the result is there is not enough metal to flow into the obverse die therefore, you have a weakly struck obverse.

The only way to completely fill out the dies when struck would be to use a thicker planchet which will have enough metal when pressed together to fill the dies. That was the reason why in 1922 the relief on both sides was reduced, to prolong die life.

It amazes me that people who have no knowledge of what they are looking at giving their usually inaccurate opinions.
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srcliff's Avatar
United States
453 Posts
 Posted 10/30/2014  6:40 pm  Show Profile   Bookmark this reply Add srcliff to your friends list Get a Link to this Reply
Maybe technically correct but I'd want something with some more eye appeal for the money. It's got character I'll give it that!
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